You have been hired as a credit and analyst for the brand new Chemical Bank. Below is a set of financial statements for a local company who is requesting a loan for $750,000.

Prepare and submitted a typed, written report detailing your findings which support whether you will or will not grant the loan which is requested. All calculations and work need to be included in the report. The analysis should be about 2 pages in length.

ACC 122 Final Case Study-Financial Statement Analysis Smith Company Comparative Income Statements 2019 2018 2017 2016 2015 2014 2013 1950 1700 1500 140012001110 920 1246 1032 752 Gross Profit Operating Exp Interest Exp 20 25 24 270 304 230 118 216 146 374 412 428 100 Net Income 257 372 246 176 Comparative Balance Sheets A/R net Inventory Other Current Assets 000 850 600 450318 302 216 1838 1364 12041032936 810 615 14 Long Term Invest PPE, net Total Assets 16881264 0392954 5973 5278 4617 3482 3080 2494 1868 2667 1832 Liab and Equity Current Liab 1300 1030 718630 600 450 250 LT Liab 1459 1291 1251698 698 728 500 Common Stock APIC Ret Earnings Total Equity 1000 1000 1000 850 850 650650 250 250 250 170 170 15o 150 1964 8214 2957 26482154 1782 1316 1118 1707 1398 1134 516 Total Liab and Equity 5973 5278 4617 3482 3080 2494 1868